MPI acquires two companies. (MotivePower Industries buys two railroad suppliers, Jomar Industries Inc and Microphor Inc, for about $12 mil)(Brief Article)

From: Railway Age | Date: January 1, 1998 | Copyright information

MotivePower Industries is on an acquisition track again, picking up two closely-held railway suppliers -- Jomar Industries, Inc., and Microphor, Inc. -- for approximately $12 million in cash.

The two acquisitions had 1997 sales of about $18 million.

Jomar Industries is a manufacturer of locomotive brake rigging and related components. Based in Alsip, Ill., jomar had sales of about $10 million in 1997. Its major customer is the Electro...

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MPI acquires two companies. (MotivePower Industries buys two railroad suppliers, Jomar Industries Inc and Microphor Inc, for about $12 mil)(Brief Article)
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